NGL Energy Partners LP (NYSE: NGL) increased the borrowing capacity of its revolving credit facility, the company said June 16.
There is now $2.2 billion in borrowing capacity after an increase of $472 million, NGL Energy Partners said.
Of the total borrowing capacity, $400 million is allocated to working capital, while $72 million is allocated to acquisitions, the company added.
The facility’s $103 million accordion feature remained in place, the company noted.
“This credit facility upsize provides NGL flexible and low-cost funding to continue driving growth and execute on our ...